this post was submitted on 29 May 2025
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China has dramatically curtailed its lending in recent years. Now, it's emerging as the largest debt collector for many of the world's poorest nations — a shift that threatens to undermine poverty reduction efforts and fuel instability, according to a new report.

Lending for China's Belt and Road Initiative — which includes funding for a massive series of new railways, ports and roads in the developing world — began winding down before the COVID-19 pandemic, according to Peak repayment: China's global lending, released this month by Australia's Lowy Institute, a foreign policy think tank. The report points to diplomatic pressure within China to restructure unsustainable debt and to recover outstanding debts from abroad for the change.

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[–] bizzle@lemmy.world 5 points 3 days ago (2 children)

All debt collectors can get fucked

[–] SaltySalamander@fedia.io -5 points 3 days ago (1 children)

Don't take on the debt if you can't pay it back. Money has never been free.

[–] bizzle@lemmy.world 5 points 3 days ago

Money is fake and you're a chump if you let it rule you.